GOLD basis of GROWTH - SUPPORT line of 2018
As you remember, the price first broke through the support line 1803.19.
After that, it pulled out of it and rolled back again as a correction.
Yesterday we expected the price to fall to the line at 1803.37.
And today I extend my forecast as the price continues to fall. I expect that the first thing the price touches the support line 1803.37 and only after that it will reverse and start growing towards the resistance line. Thus, my final target is the resistance line at 1850.53.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
After that, it pulled out of it and rolled back again as a correction.
Yesterday we expected the price to fall to the line at 1803.37.
And today I extend my forecast as the price continues to fall. I expect that the first thing the price touches the support line 1803.37 and only after that it will reverse and start growing towards the resistance line. Thus, my final target is the resistance line at 1850.53.
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
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